Ajman: Siddique Pallolathil, director of Nesto Group, has become the first man to receive Ajman’s 10-year-visa on Wednesday.
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The General Directorate for Residency and Foreigners Affairs (GDRFA) in Ajman issued the Gold Card System as per the Cabinet decision No. 56 of 2018, by which a package of facilities has been offered to investors, entrepreneurs, talented people who meet specified conditions as well as their families.
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The golden card is part of the permanent residency system tailored for investors.
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The permanent visa was presented to the Nesto Group Director by Brigadier Mohamed Abdullah Alwan, executive director of the GDRFA in Ajman.
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Brig Alwan said that the permanent residence system Golden Card contributes to maintaining the state’s leading position as a magnet for capital and investments and harnessing the skills and abilities of residents in various medical, engineering and scientific fields.
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The golden cardholders are entitled to a host of privileges and facilities including a residency visa without a sponsor to them and their families, including their spouse and children. The holders can also sponsor up to three workers and obtain a residency visa for one of his/her senior employees.
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